4712 Prospect Rd Peoria Heights, IL 61616
- Commercial real estate
- 1,700 SF
Current Use by Public Records
- Commercial real estate
Property Details for 4712 Prospect Rd
- Year built
- 1920
- Property size
- 1,700 SF
- Property type
- Commercial real estate
- APN
- 14-22-402-002
Description
This exceptional Peoria Heights commercial property presents a unique investment opportunity. Located at 4712 N Prospect Road, this 1,700 square foot building sits on a 6,000 square foot lot, zoned B-1. Built in 1920, the two-story structure offers potential for renovation or new construction, perfectly situated within the vibrant business district. The property benefits from its prime location on Prospect Road, surrounded by restaurants, shops, offices, and parks, enhancing its appeal and potential for high returns. The Village of Peoria Heights' charm, walkability, and safe environment create an attractive atmosphere for businesses and residents alike. Further enhancing its value, this property is located within both the Peoria Heights Tax Increment Financing (TIF) District and the Peoria Heights Business Development District (BDD), offering potential incentives. The 2023 property taxes were $3,292.26. The property is being sold as-is. This is an exceptional opportunity to acquire a well-positioned commercial property in a thriving Illinois community. The asking price is $350,000.
Value Estimation
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CAP approach
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Comparable approach
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Alternative Use
Location Insight
- Map
- Local Demand
- City
- Peoria Heights
- County
- Peoria
- State
- Illinois
- Longitude
- -89.5736986
- Latitude
- 40.7449783
